The Tender For Law

English Only

ENGLISH is the international language of law and commerce. Knowing FRENCH is useful for understanding LEGAL ENGLISH, but FRENCH is not the international language of law and commerce, so we will ignore French speakers who speak to us in the language of a conquered people.

Non.

I understand that you are a proud Québécois, but the people here have nothing but contempt for you because of decades of transfer payments and NONE OF YOU understanding what Quebec sovereignty means. None of you know who Russell Rogers Smith is, and you're too proud and arrogant to teach. Just go away and be Retardier somewhere else.

Volume 8

Nov 16, 2014 6:55 PM

Age Thomson

"We see that money is the mathematics of value exchanged based on mutual agreement. The monetary instrument is but the evidence of the consummated trade. It is a mistake to attribute purchasing power to the instrument, for it has none. It is merely the conduit through which purchasing power flows; such purchasing power lying in the commodities or values exchanged. From this analysis we can deduce that commercial banks do not "lend" money. They, in fact, permit the "borrower" to issue money. Once given permission, the borrower now has the legal authorization to write cheques to the extent of the loan and tender them in trade. UPON THEIR ACCEPTANCE BY A SELLER, WHO IN FACT PROVIDES VALUE, new money has come into existence. This money remains in circulation until such time as the borrower, through becoming a seller, recaptures money with which to liquidate the loan."

excerpt from.... MONETARY THEORY OF E.C. RIEGEL by Christopher M. Quigley, B.Sc., M.M.I.I., M.A. March 6, 2007

So in Making your own BANK/MONEY, it is critical that you can sell your value back out.... Otherwise, as Scott points out, you starve, because the money that you create becomes worthless.